Interpretations of Common Terms used in Housing Society Bye-laws Amendment 2014, Maharashtra (cont'd from previous post)

xvi)

“Repairs and Maintenance Fund” means the fund constituted under the Bye-law No.13(a);

xvii)

“Sinking Fund” means the fund constituted under the Bye-law No.13(c);

xviii)

“Major Repairs Fund” means the fund created by the Society and constituted under the Bye-law No.13(b), for the purpose of Major Repairs including Plastering, building of compound wall, pavement, total painting and reconstructions;

xix)

“Municipal Act” means the Maharashtra Municipalities Act, 1965 (Mah. XL of 1965);

xx)

“Open Space” means an Area, forming an integral part of the site, left open to sky;

to be cont’d..